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Türkiye’deki Hükümetlerin Makroekonomik Performanslarının Bir Karşılaştırması, 1987-2007
[A Comparison of Macroeconomic Performances of Governments in Turkey, 1987-2007]

Author

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  • Kibritçioğlu, Aykut

Abstract

In this paper, a macroeconomic performance index (MEP10) which consists of selected ten indicators is proposed to evaluate the relative performance of Turkish governments by using monthly data for the period of December 1987 – April 2007. According to the multi-staged evaluation process applied in the study, the governments are grouped in three classes: (1) Relatively successful governments: 46. government (December 1987 – November 1989), 48. government (June 1991 – November 1991), 54. government (June 1996 – June 1997), and 59. government (March 2002 – April 2007), (2) Relatively unsuccessful governments: 47. government (November 1989 – June 1991), 49. government (November 1991 – June 1993), 55. government (June 1997 – January 1999) and 53. government (March 1996 – June 1996), and (3) Most unsuccessful governments: 50.-52. governments (June 1993 – March 1996) and 56.-57. governments (January 1999 – November 2002). The monthly performance index is also used to test some hypotheses regarding the relationship between the length of the governments’ term of office and their macroeconomic performances.

Suggested Citation

  • Kibritçioğlu, Aykut, 2007. "Türkiye’deki Hükümetlerin Makroekonomik Performanslarının Bir Karşılaştırması, 1987-2007 [A Comparison of Macroeconomic Performances of Governments in Turkey, 1987-2007]," MPRA Paper 3962, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:3962
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    References listed on IDEAS

    as
    1. Wim Moesen & Laurens Cherchye, 1998. "The Macroeconomic Performance of Nations Measurement and Perception," Working Papers of Department of Economics, Leuven ces9822, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    2. Knox Lovell, C. A. & Pastor, Jesus T. & Turner, Judi A., 1995. "Measuring macroeconomic performance in the OECD: A comparison of European and non-European countries," European Journal of Operational Research, Elsevier, vol. 87(3), pages 507-518, December.
    3. Martin A. Asher & Robert H. Defina & Kishor Thanawala, 1993. "The Misery Index: Only Part of the Story," Challenge, Taylor & Francis Journals, vol. 36(2), pages 58-62, March.
    4. Laurens Cherchye, 2001. "Using data envelopment analysis to assess macroeconomic policy performance," Applied Economics, Taylor & Francis Journals, vol. 33(3), pages 407-416.
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    More about this item

    Keywords

    Okun's misery index; macroeconomic performance; macroeconomic stability; governments; political stability; general elections; economic crises; Turkish economy;
    All these keywords.

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation

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